Archives - 04 May 2013, Saturday

On Friday, I skip breakfast again; it’s an unavoidable part of the Bitcoin diet as there are no places that serve food before 10 a.m. accepting my currency. I lose my appetite anyway when I check the value of Bitcoin; it has plummeted to $90 over night. It has been on a steady decline...

Let’s examine what it could mean when something like Bitcoin, that is both platform and unit , is absorbed into something like PayPal that is just platform. Phil Archer writing at The Genesis Block categorized the four areas of likely impact — online wallets, escrow services, merchant...

Warren Buffett is the chairman and CEO of a Berkshire Hathaway, a holding company based in Nebraska. He is also the company's primary shareholder. Buffett is one of the wealthiest people in the world, with a fortune of over... More » Recent Posts About Warren Buffett Tour The Office W...

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Top Bitcoin exchange hit with $75 million suit over failed partnership in february, we reported on a major deal between mt. gox, the japanese firm that runs the world's largest bitcoin exchange, and the american startup coinlab. under the terms of the agreement, coinlab would take cha...

The reality is that, unlike Ben Bernanke at the Fed, Mr. Andresen is not in charge of Bitcoin. No one is—unless you count Satoshi Nakamoto, the name used for the creator of this new form of money. But that person may or may not even exist. (Mr. Andresen says he hasn't heard from the p...

I’ve been explaining how Bitcoins work since 2010. Here is the simplest analogy I’ve discovered that explains transactions, anonymity, and coin production. There’s a room that anyone can access. The room has security cameras that anyone can view, and every second of recorded footage i...

Bitcoin’s fundamental principle of fraud management is one of denial. If we drop our wallet on the street, the U.S. government is not going to compensate us for our lost cash. Bitcoin attempts to make the same deal, to the point where it calls its stores of keys, “wallets.” If we drop...

PayPal CEO John Donahoe is considering ways of implementing BitCoins into PayPal’s digital transaction network. He says that he’s watching Bitcoins very closely and expects that the virtual currency, or virtual currency in general, will be here to stay. In an interview with The Wall S...

Here's a hint to you all if you don't feel like prepping, but still own useful things... ~~~ 2X4's [listed above] are the cheapest and most standard of lumber... But their main utility is in framing & struts... Most of you wannabe farmers out there couldn't grow a fucking dandelion if...

The reality is that, unlike Ben Bernanke at the Fed, Mr. Andresen is not in charge of Bitcoin. No one is—unless you count Satoshi Nakamoto, the name used for the creator of this new form of money. But that person may or may not even exist. (Mr. Andresen says he hasn't heard from the p...

Do you actually believe that the central banks of the world are going to sit back and do nothing while their monopoly over money creation is being threatened? Do you actually believe that the governments of the world are going to allow a digital currency that they have no control over...

Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are "solidly in agreement" on who should be the company's next chief executive, he said at Berkshire's annual shareholder meeting on Saturday. "The key is preserving a culture and having a successor, a CEO that wi...

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For those following Bitcoin, this interview with Gavin Andresen, the 46-year-old lead software developer for the Bitcoin project in today’s Wall Street Journal should be of interest. Bitcoin vs. Ben Bernanke “The chief scientist for the digital currency talks about its appeal—and pitf...

kevinrose My new tshirt. #bitcoin 3h jwheaton Just don't 3h lightbay How many? :) 3h jimmyyeung209 Fuck yea currency of the future 3h ilanie @adamjohn get one for @nathantrifone ? 3h jasonkoelling where did you get it from ?! 3h jasonkoelling http://www.cafepress.com/mf/54837387/bitco...

T he subject of Bitcoin pops up on occasion when you’re dealing with technology. The virtual currency is gaining traction with the computer-savvy crowd, but is still mostly unknown to the general public. You’ve probably heard that Bitcoins are worth a ton when converted to “real” curr...